Lake Geauga Educational Assistance Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 386,931 | 470,163 | −83,232 | 7.6 | 46% |
| 2012 | 358,785 | 430,366 | −71,581 | 6.6 | 47% |
| 2013 | 356,226 | 398,939 | −42,713 | 5.9 | 50% |
| 2014 | 484,161 | 432,507 | 51,654 | 6.8 | 51% |
| 2015 | 411,407 | 435,725 | −24,318 | 6.1 | 56% |
| 2016 | 382,487 | 447,478 | −64,991 | 3.9 | 57% |
| 2017 | 361,166 | 323,255 | 37,911 | 6.9 | 63% |
| 2018 | 419,188 | 379,668 | 39,520 | 7.3 | 58% |
| 2019 | 256,646 | 360,934 | −104,288 | 4.2 | 59% |
| 2020 | 407,443 | 415,807 | −8,364 | 3.4 | 55% |
| 2021 | 440,578 | 416,810 | 23,768 | 4.6 | 56% |
| 2022 | 586,976 | 481,719 | 105,257 | 6.6 | 57% |
| 2023 | 480,156 | 432,278 | 47,878 | 8.7 | 60% |
In its most recent public year (2023), this organization brought in $47,878 more than it spent. Its reserves stood at about 8.7 months of spending, up from 7.6 in 2011. Staff pay was 60% of spending. $182,034 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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